Dividing Assets & Debts In A Divorce

How To Fairly Divide Assets And Debts During A Mississippi Divorce

One of the common questions that you might ask at the start of divorce is, “What will I walk away with?” While there is no simple answer to that question, there are certain strategies that can help you make sure the outcome is as fair as possible.

Atchison Law Firm regularly finds property division solutions for clients throughout the Mississippi Gulf Coast. Regardless of what you own or your net worth, the firm can provide sophisticated services for your divorce.

Determine Ownership And Identify Assets

When dividing property and debt during divorce, classification is key. For fair results, it is important to make sure that you accurately record all the debts and property you share with your spouse. In addition, you will need to shield your individually owned property and avoid liability for your spouse’s separately owned debts.

However, accounting for all assets and debts is not a simple task – especially because you may have several types of property, such as:

  • Real estate, including your home
  • Retirement accounts and pensions
  • A family business or business interests
  • Personal belongings and collectibles
  • Inheritance or family heirlooms

Because your marital and individual assets may be complicated, it is advisable to rely on a highly experienced lawyer. William B. Atchison is familiar with the challenges of property division. For nearly three decades, he has helped clients reach fair awards and settlements for their divorce cases. He can also help you locate hidden or depleted marital assets.

Make Sure Your Economic Needs Are Met

Naturally, property division can be a nerve-wracking experience. However, William B. Atchison can put your worries at ease with thorough counsel.

If you have questions about your divorce outcome, including alimony and other financial aspects of your case, contact Atchison Law Firm. Call 228-875-1234 to schedule a free consultation with no further obligation